| Webster's Online Dictionary |
| Expressions | Domain | Definition | |
| Best and final offer | Business | For negotiated procurements, a contractor's final offer following the conclusion of discussions. (references) | |
| Best and final offer (BAFO) | Business | The final and best technical and price solution a vendor provides for a request for proposal in response to a request from a government contracting officer. (references) | |
Source: compiled by the editor from various references; see credits. | Top | ||
